What is cost accounting: Cost accounting is a branch

Cost accounting is a branch of accounting that focuses on the systematic recording, classification, allocation, and analysis of costs associated with the production of goods or services within an organization. It provides detailed information about costs, which helps in decision-making, cost control, and overall management of business operations. What Is Cost Accounting? Cost accounting is a branch of financial management that helps organizations track and assess expenses incurred to create products or deliver services. Cost accounting is an invaluable tool that helps various industries and sectors, providing essential insights for informed decision-making, cost control, and financial success. Cost Accounting is a systematic process of recording, classifying, allocating, and analyzing all expenses involved in the production and distribution of goods and services. It determines the actual cost per unit, assists in cost control, and provides information for managerial decisions.